Scotland Commercial Data

Tax

• NO Corporate Tax
• NO Personal Income Tax
• NO Inheritance Tax
• NO Business Inventory Tax
• NO Personal Property Tax
• State Sales Tax: 4%
• Local Sales Tax: 2%
• Businesses located outside city limits are responsible for only the 4% State Sales Tax

Labor Force & Labor Supply

• Labor Force in Bon Homme County: 3270
• Number of Employed Individuals: 3195
• Unemployment Rate: 2.3%
• Labor Supply: 360
• (Source: State of South Dakota June 2002)

Average Workforce Allocation (Non-farm Wage & Salaried Workers)

• Total: 2,340
• Construction & Mining: 75
• Manufacturing: 290
• Transportation & Public Utilities: 60
• Trade: 460
• Finance, Insurance & Real Estate: 80
• Services: 615
• Government: 760

Major Employers

• Landman-Jungmann Memorial Hospital
• POET Energy (Ethanol Production)
• Schwan Food Company
• Scotland, SD Good Samaritan Center (Long-Term Care & Assisted Living)
• Scotland, SD School District

Location

• Located on Hwy 25
• 4 miles N. of Hwy 46
• 12 miles N. of Hwy 50
• 6 miles S. of Hwy 18
• 30 miles from Yankton, SD
• 50 miles from Mitchell, SD
• 75 miles from Sioux Falls, SD
• 80 miles from Sioux City, IA

Rail

• Burlington Northern Railroad runs through Scotland, SD and passes the industrial park

Air

• Private airstrip
• Yankton, SD - Chan Gurney Airport (30 miles)
• Sioux Falls, SD - Joe Foss Regional Airport(75 miles)
• Sioux City, IA - Sioux Gateway Airport (80 miles)

Utilities & Services

• Water: B-Y Water with local service
• Electric: Northwestern Public Service
• Natural Gas: Northwestern Public Service
• Solid Waste: City of Scotland, SD
• Garbage Service: Myers Sanitation
• Telephone: Golden West - set up for both telephone and updated data lines
• Ambulance: Local EMTs with LJM Hospital
• Fire: Scotland, SD Volunteer Fire Department (Protection Class 8)

Real Estate

• Approximately 20 acre industrial park located on a truck route & serviced by it's own railroad spur.
• Main Street retail space available for immediate occupancy or for renovation.
• Main Street lots available for new construction.

Financing

District III: Planning and Development Organization available for business planning. Representatives are available to assist with everything from business plans to assistance with financial aspects of your business. City of Scotland, SD has paid the membership dues for this assistance.

Local SCORE Representative: Local member of SCORE (an organization of retired business people throughout the state) available to assist with, and a great reference for, business and financial planning.

Local Revolving Loan Fund: Low interest loans given by the Scotland, SD Development Corporation.

Scotland, SD Area Historical Society: Grant small amounts for the restoration of historical properties (Main Street properties qualify) and they are a great reference point for many other incentives when placing a business at a historical location. Such items may include, but are not limited to; grants, loans or tax credits.

Golden West: A $5,000 grant is given each year for projects which make or keep a job in Scotland, SD. Contact a Scotland, SD Area Chamber of Commerce member for more information.

Local Banking services are available